Using the following table,what is the present value of $40,000 to be received in 5 years,if the market rate is 7% compounded annually?
Definitions:
Pareto Optimal
Pareto optimal is a state of allocation of resources in which it is impossible to make any one individual better off without making at least one individual worse off.
Smelted
The process of extracting a metal from its ore by heating and melting, often involving a chemical reduction reaction.
Carload
A shipping term used to indicate the minimum quantity of cargo necessary for goods to be shipped at a carload rate, typically pertaining to rail transport.
Smelted
The process of extracting a metal from its ore by heating and melting.
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